 When you use a debit card online...? |
| And you buy something online, would your parents know what you bought? Or would it just say that you spent this much on the card?... |
|
 Prepaid Credit Card? |
Can anybody reccomend the best prepaid credit card to go for?
Additional Details
For those who seem to answer just for points you might find they are normally called Prepaid CREDIT Cards,... |
|
 How do banks and earn from Credit cards, i dont pay any annual fees or interest charges,? |
| I am using credit cards for the past 3 years( all are life time free cards). No annual fees, i always make full payments every month, so i had never paid financial charges or late payment fees. apart ... |
|
 Why do I keep getting denied a credit card? |
| I have applied for cards @ Visa, department stores, Bank of America, my own friggin bank Washington Mutual, and have got nothing, zilch, nada! So can someone tell me what's the deal? I'm a 1... |
|
 Debt Consolidation Loans For Bad Credit? |
| Are there any debt consolidation loans or personal loans for non-home owners with bad credit? I'm currently on a debt management payment plan but I'd really like to take out one loan to pay ... |
|
 HELP! Bad Credit!? |
| I have bad credit from earlier in life, and I am not at a point where I can start paying it off. I would like to get a loan, to pay everything off, and have one payment per month. However, my credit ... |
|
 How old do you have to be to use a credit card? |
your own credit card btw
and not little cards you can get money out with
Additional Details
and nothing ... |
|
 Fake bank account? |
| I reported a lady(an overstayer) who used fake documents to open a current account with a high street bank.Upon investigation,if it is found that the bank granted a loan to her,ie,she owes the bank,... |
|
 My sister in-law wants my husband to co-sign for her.? |
She is getting a loan he doesent know how much..
the thing that concerns me the most is that I don't think she is gonna pay it.She already told my husband that if she doesn't pay she�... |
|
 Shoud I keep $0 balance credit cards open or close them? |
| I just transferred 2 credit card balances to a better credit card - lower interest rate and cashback rewards.. Now, I have these 2 $0 balance Visa and MC credit cards, as well as a Bloomingdales and P... |
|
 Do credit card companies do credit checks for additional cardholders?? |
| Hi there i have a very bad credit history and i was wondering if it was possible to be put on my mums credit card as an additional cardholder. Supposedly all my mum does is fills out my details on ... |
|
 How do I clear up supposed bad credit? |
| Each time I try to apply for a credit card, I always get the same response saying something about debts that I owe or something like that. I am wanting to know how to be able to clear those things ... |
|
 How do you identify fake money? |
Additional Details
What I mean by fake is counterfeit money.... |
|
 My friend was issued a HSBC credit card but never used it, and is being charged 15 $ per month, is this right? |
| My friend, who knows limited English was sent a credit card issued by HSBC bank in the mail. He signed the application, and was sent the card. He never used the card, but started getting bill ... |
|
 Is this company legit or a scam? |
| I have pretty bad credit from when i was married im trying to build my credit.I have a score of 546 i know kinda crappy but this takes time.I applied for a loan through safenet financial the guy ... |
|
 I am considering bank rupzy sorry i can not spell it..spell check is not working? |
| i make about 1800 hundred and month..rent is 614.. light around 130..cable 114 that includes phone and internet.. bills around 450..ins 90..my bf is on my checking account because we live together..... |
|
|  |
DancesWithHorses | Do credit card companies feel guilty about 20% interest? Should they? |
On the one hand, adults have to make good decisions for themselves and the credit card company isn't responsible for their customers' spending habits.
On the other hand, credit card companies make it soooo easy to overspend and soooo difficult to pay off a large balance.
What say you? |
 |
 
Maddy Waddy
 |
Credit card companies are just that, companies. Companies don't have feelings. The emergence of corporations allow people to eliminate any emotional connection with their actions - it's all about the stock holders.
The CEO's and senior execs don't feel guilty about 20% interest or 29% default interest, $29 late fees or over the limit fees. They also don't feel guilty about slipping in charges for insurances and other features that require you to take action to cancel. They rather enjoy the millions of dollars they earn from people who choose to use their money and pay 20% interest.
If you use credit intelligently (use cards with 0% transfer balances and pay off before the increase goes into effect, apply for cards that offer much lower interest rates and then keep them low by staying within your credit limit and paying your bill on time, there is no need to get caught in a trap of 20% interest.
You can find additional tips from the web site noted below. |
|
traffic816
 |
They don't feel guilty? Its their job
------------------------------...
http://www.bestcreditrates.net |
|
A M
|
No.
That 20% takes into account the huge risk they are taking. When you make a credit card purchase, the company has to pay whatever vendor you went to, regardless of whether or not the person using the card pays the credit card company. The 20% is also a strong incentive to make people pay their bills on time, to lower this risk (all companies want steady, predictable cash inflows). If the rate was lower, say 5%, fewer people would pay their bills on time, and for their investment (giving you the credit) the credit card company could probably get a higher return investing their money elsewhere. |
|
jane
|
yes that's how they make their money
there are a lot of banks that charge a lot less than 20 % so you actually have a choice |
|
Super - Level 5
 |
That's how they make money; they charge heavy interest rate.
They don't feel guilty at all; even if it's a single mother with many children. Someone needs to step up and give those credit card companies a good kick on the buttocks. lol
www.freewebs.com/infosource100 |
|
sexytrojan
|
Credit card companies have to make money. They charge interest and fees to card holders, and they charge fees to merchants.
If used correctly by cardholders, credit card companies will make very little money off of them. Here's how I use my cards to my advantage:
Transfer high interest balances to 0% interest balance transfer cards. This is usually for a fee and 1 year. Pay that off in a year and don't use the card for anything else.
Apply for a card that is 0% interest (again, usually for a year). Make the large purchases and pay it off.
Pay off all balances monthly. If you have (or would like) a rewards card, see if your debit card offers rewards. |
|
JS
 |
Why should they feel guilty?? That 20% is how they make their money. |
|
supercreditguru
|
Speaking as a nationally known lending and credit expert (book, radio shows, newspaper column, etc.)...
A corporate entity has no remorse. It is unfeeling. It has policies. It desires maximum profit. If it trades stock, it has an obligation to make the most money for its stock holders.
If they could, the default rate would be set at 50%, but state laws don't allow that. And they would not feel guilty about that either. |
|
jaysweep
|
They will charge you 20% interest on the amount of money you borrowed from them when you do not pay on time. Here is the best thing to do: Pay your your credit card bill on time and you won't be charged interest! I do it all the time! |
|
redstorm
 |
They should feel guilty. In my opinion, they are full aware of peoples capacity of overspending and take advantage of it. They especially pray on the young that have yet to learn how to spend responsibily.
Companies should act with responsibility towards society and not just be in business for the sake of making money. Its a road that leads to greed and envy and eventually corruption.
Some of the largest corporations today are corrupt. If you remember the recent "accounting errors" reported were not accidental. Senior executives got indicted and convicted of some serious crimes. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 40 minutes(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
10 | 11 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
10 | 5 day(s) ago
| | | |
10 | 1 week(s) ago
| | | |
10 | 1 month(s) ago
| | | |
9 | 3 month(s) ago
| | | |
10 | 8 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
